Mendon, IL is a small town in Illinois with a median housing value of $139,000. This is substantially lower than the US median house value of $338,100. Despite this difference, Mendon has still experienced an appreciable change in housing values over the past year, with a 7.86% appreciation rate compared to the US rate of 8.27%. This indicates that housing in Mendon is beginning to become more valuable and desirable for potential home buyers.
The median home cost in Mendon is $139,000. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Mendon is up 14.9%.
Average Age of Homes
- The median age of Mendon real estate is 54 years old
The Rental Market in Mendon
- Renters make up 27.8% of the Mendon population
- 6.7% of houses and apartments in Mendon, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.